{"data":{"id":2565,"lang":"en","title":"IBM Beats Third-Quarter Estimates on Software Strength and Lifts Free Cash Flow Outlook","summary":"IBM reported Q3 revenue of $17.10 billion, up about 5%, with software up 8% to $7.80 billion, but shares slipped after hours on a narrower gross margin.","category":"business","category_label":"Business","published_at":"2026-10-23T06:01:07Z","updated_at":"2026-10-23T06:01:07Z","url":"https://techtools.cz/tools/news/article/2565-ibm-beats-third-quarter-estimates-on-software-strength-and-lifts-free-cash-flow","api_url":"https://techtools.cz/news-api/v1/articles/2565?lang=en","markdown_url":"https://techtools.cz/news-api/v1/articles/2565.md?lang=en","image_url":"https://image.cnbcfm.com/api/v1/image/108325136-1782163700943-gettyimages-2282299477-TRUMP_QUANTUM.jpeg?v=1792620023\u0026w=1920\u0026h=1080","word_count":189,"reading_time_minutes":1,"sources":[{"url":"https://www.cnbc.com/2026/10/21/ibm-q3-earnings-report-2026.html","domain":"cnbc.com"}],"translation":{"lang":"cs","id":2639,"title":"IBM překonala odhady za třetí čtvrtletí díky softwaru a zvýšila výhled volného cash flow","url":"https://techtools.cz/tools/news/clanek/2639-ibm-prekonala-odhady-za-treti-ctvrtleti-diky-softwaru-a-zvysila-vyhled-volneho","api_url":"https://techtools.cz/news-api/v1/articles/2639?lang=cs"},"content":"IBM beat Wall Street expectations for the third quarter, reporting revenue of $17.10 billion, up about 5% from a year ago, and adjusted earnings of $2.95 per share against $2.86 expected. Net income rose to $2.19 billion, or $2.30 per share, from $1.74 billion a year earlier. The shares slipped in extended trading on Wednesday.\n\nSoftware revenue grew 8% to $7.80 billion, topping the $7.66 billion consensus, and infrastructure rose 4% to $3.70 billion. Consulting was flat at $5.34 billion, just below estimates, with its gross margin narrowing to 27.4% from 28.9% in the second quarter. IBM said AI made up about 30% of consulting revenue and 35% of its backlog. Adjusted gross margin of 58.5% was below the 59.1% consensus.\n\nIBM now expects full-year free cash flow to rise by more than $1 billion, up from roughly $1 billion in July, and keeps 2026 constant-currency revenue growth at 4% to 5%. The company also agreed to buy HRL Laboratories, the research lab owned by Boeing and General Motors, for an undisclosed sum. IBM stock is down about 15% this year while the S\u0026P 500 has gained 13%."}}